Dear All,
We have issued and allotted 7 share certificate the stamp duty payable on these share certificate as per maharashtra stamp act is more than 50k on each share certificate .
Usually ,we use to frank our share certificate through BOI shareholding Ltd.
However , now a days BOI is not allow to frank each share certificate over and above 5k.
Now as shares are already issued and necessary resolutions and FCGPR and all other formalities have been already complied, hence I am not in a position to split the share .
I understand that IDBI bank e franking facility helps to frank such type of share certificate , but I do not know the exact procedure of such kind of franking & whether same is treate as valid or not.
Please guide me how to frank share certificate through IDBI & whether same is considered as valid in Maharshtra ,
CAclubindia
